Tsunami II–The Credit Card Implosion

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Anyone reading this blog right now is very well aware of the fact that our country and in fact a good part of the rest of the world is experiencing a financial and economic nightmare. Much has been written about the root causes of what has thrust our nation into a very deep recession despite what Washington or Wall St says. Anyway who cares what Wall St. says anyway? Aren’t they the geniuses who got us into this mess because of their unbridled greed? The point is that unfortunately some of you who reading this blog may be victims of the current economic crisis and if you are, collection agencies and debt predators are lurking around the next turn waiting to inflict misery upon you.  The next great financial nightmare will be massive credit card default write offs by the major issuers. This will just add billions of dollars more to the massive red ink we already have. Oh, throw auto loans in there too! The news report regarding Secretary of the Treasury Paulson’s comments this morning are very illuminating. Here is the link: http://www.bloomberg.com/apps/news?pid=20601087&sid=aUBsSA1_p9aQ&refer=home

So what does all of this mean to you personally? If you have financial problems or you know of people who have experienced economic dislocation, just know that the debt collectors, collection agencies have lots of money and attorneys to pursue you. They will be aggressively pursuing those who have defaulted auto loans and credit card accounts. Debt collectors have never been this busy or made the money they have in the last couple of years. It is only getting better for them but certainly not for you.

If you are pursued by debt collectors you are going to need weapons comparable to theirs. That’s where I come in. I am not just writing about all of the issues you have read about in my blogs; I have experienced all of these things up close and personal if you will. If you start receiving phone calls and nasty letters intimating potential litigation you need someone on your side…..ME!! By all means go and see for yourself www.stopthecallsfast.com

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